Looking kind of LongAfter a really red day for Maersk it reached the main lower trendline and right away bounced back up.
I will first see if the price respects the lower main trend and the be looking for a good Long position for the coming days until it reaches the upper trendline on the lower timeline.
So far so good.. share you thoughts!
Maersk keeps following trend-line, potential short position.Right after the latest Ex-day for dividends it breached the lower trend-line, but worked its way back to it. Yesterday it hit the roof of the upper trend-line and MACD switched to bearish.
I will be looking for a short position and expecting a low price around 11200 DK.
Share your thoughts, maybe I am missing something big?
Short-term idea for upcoming days after Ex-day of DevidendsI will be looking for the passing of the short-term trendline for a short-position tomorrow on Ex-day. My MACD-signal has flipped and yesterday ended right before a potential breakout or Head and Shoulders.
Downward trend were confirmed March 14th and has been respected three times already. If continued we could expect price down to 11500 DKK.
This is my first printed "idea" on TradingView and in general, take this with a pinch of salt.
Please share your thoughts and counter-ideas if any!
A.P. Møller – Mærsk A/S Bullish Sentiment OMXCOP:MAERSK_A is approaching a major supply zone around 12,800–13,200 DKK, which has previously acted as strong resistance.
The stock has been forming higher lows, respecting a long-term ascending trendline, indicating overall bullish structure unless that trendline is broken. In the short term, a W-pattern is forming, indicating bullish momentum towards the supply zone. However, there is a risk of forming a Head and Shoulders pattern, which would be bearish if confirmed. It is also important to note that after the dividend payment, a price drop is expected, possibly due to the adjustment of share price post-dividend distribution.
The company continues to beat earnings and increased their dividend payout. Recent news suggests a strong partnership with DP World to expand maritime services in Brazil, which could enhance long-term revenue stability.
Bullish Scenario: A break and close above 13,200 DKK with strong volume would confirm further upside potential.
Bearish Scenario: If resistance holds and a Head & Shoulders pattern forms, expect a drop toward 10,950 DKK or lower after dividend payments.
BAVARIAN NORDIC BAVA LARGE ASCENDING TRIANGLE FORMATIONHello Traders,
Here is my chart idea for Bavarian Nordic. This idea is solely based on me looking at the chart formation and no research has been done into the companies financials, potential upcoming vaccines or anything like that.
The price has been going sideways inside a large ascending triangle for about 22 years now and price movement still looks to be corrective waves not impulsive waves. It looks like the price wants to come down to the bottom trendline and bounce from there. This would also print a low, oversold value on the monthly RSI.
On the weekly chart it looks like the price has just broke down from a head and shoulders.
Lets see what happens.
DFDS bearish target hit -> bottom?As shown on an older chart, this was the target for the down trend.. Symmetry + ab=cd reached at channel low and a zone. 54% to the first upside target! Let's go.
SL might be too optimistic, but I'm willing to try a few times.
Would be f'ing epic :D
/edit.. There's a minor first target at gap close at 130
Last chance for DNORD at this lvl - 4hI have nothing below, so if this doesn't hold I'd suggest it'll continue to at least 175 DKK. I don't trade harmonic patterns any more and haven't got a clue on their win rate these days, but it is a nice bat pattern too ;)
Haven't got too much trust in this lvl, but I thought I'd share it since there's a decent drop to the next area of interest.
Vestas turning bullish Given strong divergence on RSI, correlation on wave extensions, high volume below and EW count the target for the earnings date 5. feb is about 90.
From there Vestas is expected to turn bullish.
Beware that current P/E is about 250
There is some correlation to the Ørsted count
Novo Nordisk's The recent drop in Novo Nordisk's stock price is attributed to several factors. A key issue is the company’s struggle to meet the surging demand for its weight-loss drugs, such as Wegovy. Although demand remains strong, investors are concerned about Novo Nordisk's ability to scale up production and deliveries, which is creating downward pressure on the stock.
Additionally, some recent financial results failed to meet Wall Street expectations. Despite revenue growth in key product categories, overall revenues in some reports came in below forecasts. This underperformance has contributed to a negative investor sentiment.
However, analysts emphasize that Novo Nordisk's core products remain in high demand, and the company has significant long-term growth potential if it addresses its supply chain and production challenges
NOVO has developed an H&S formationAs others have also mentioned on Trading View, NOVO has developed an H&S formation.
The formation is to some extent supported by volume.
Volume should be large when forming the left shoulder 1, as well as when forming the head 2, and when the price goes down at the right shoulder 4, but when forming the right shoulder the volume should be low 3. It is not.
Since May, the volume balance has been negative, i.e. high volume at the price bottom and low volume at the price peak.
At 794, there will be a significant break of 3%, especially if it is supported by high volume.
There is no significant break yet.
The object is heading towards 629.
An H&S formation is a reversal formation. NOVO has been in a bullish trend, according to MA. However, the price is now below SMA 200.
The price momentum indicators go from sell to buy within a month on Trading View.
The price is well below a red cloud in Ichimocu.
It is not possible to say now whether we will have a significant break down or whether the price will recover. The forecast will depend on this.
Fundamentally, analysts are predominantly positive about the stock.
Many companies would like to enter the obesity market, but there are far from good results in a phase 1 study to a finished drug, if it becomes a drug at all.
Disclaimer: I have a relatively large position in the stock, which I bought when the shares plunged during the covid19 epidemic. I have sold 1/4 share when the price had tripled, so I am thinking of sitting still now even in the face of the technical picture - I am long.
In the past, price has fluctuated between two pivot lines at times. Then I have swing traded NOVO.
NB: Remember you must do your own research and assessment before buying and selling.
NOVO - Short term targetSupport Resistance
Weekly support works
Wave
We expect a potential correction aligning with Fibonacci levels
RSI - No reversal signal yet
Daily - Oversold
Weekly - Oversold
MACD - No reversal signal yet
Daily - Sell histograms is growing
Weekly - Sell histograms is growing
Opening price 625
Take profit 1 660
Take Profit 2 692
Stop loss 584
Novo Nordisk hit my target this week and I have started to buy The head and shoulders pattern successfully played out, with OMXCOP:NOVO_B reaching my full target at 670.
Check out my original post:
The stock experienced a significant drop, falling as much as 27% on the Friday before Christmas. This was triggered by test results for their obesity drug, CagriSema, which showed patient weight loss of 22.7% - below the anticipated 25%.
I believe this reaction is an overcorrection and have taken advantage of this rare opportunity to purchase OMXCOP:NOVO_B , first at 680 and again at 600. I now plan to hold patiently, expecting Novo Nordisk to reach new all-time highs in the coming years.
Novo completely oversold🐂 Trade Idea: Long - NOVO
🔥 Account Risk: 20.00%
📈 Recommended Product: Stock
🔍 Entry: +/- 750.00
🐿 DCA: No
😫 Stop-Loss: 675.00
🎯 Take-Profit #1: 1,000.00 (50%)
🎯 Trail Rest: Yes
🚨🚨🚨 Important: Don’t forget to always wait for strong confirmation once possible entry zone is reached. Trade ideas don’t work all the time no matter how good they look. Do not get a victim of FOMO, there is always another trade idea waiting. 🚨🚨🚨
If you like what you see don’t forget to leave a comment 💬 or smash that like ❤️ button!
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Novo Nordisk is completely oversold (in fear of RFK) and so is the rest of the Pharma sector as well. Nevertheless, Novo is still printing money and trial results for a new product should come in end 24 or beginning 25 for the oral version of the weight loss drug. The fear over political decisions in the US should be used to buy the Pharma sector. For me, it is Novo and Regeneron.
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MAERSK UptrendTREND
According to the wave structure, it is still in the downtrend
However, head and shoulders formation is a powerful reversal indicator.
It also formed a blue channel , now targeting the upper band
Moving Averages
20-day (Red) crosses 50-day (Orange) from down to up (powerful indicator supporting uptrend)
100-day (Turquoise) is below the current price (so supports uptrend)
200-day (Blue) is right below the current price (it becomes support now)
SUMMARY
Based on this analysis, a price action following the blue arrow is highly probable.